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T-Mobile Q2 financials claim $391M profit, 50M total subscribers

updated 11:47 am EDT, Thu July 31, 2014

T-Mobile surpasses 1M customer additions for fifth successive quarter

T-Mobile is continuing to enjoy high customer growth in the United States, with the carrier receiving more than 1 million total branded net customer additions in the last quarter, according to its latest quarterly financial report. Taking into account unbranded net customer additions as well, T-Mobile now has just over 50 million subscribers using its network.

Branded customer additions include 908,000 postpaid and 102,000 prepaid, and while this is still positive, it is a drop from the 1.8 million branded postpaid increase T-Mobile reported in the previous quarter. Tablets were also recognized as contributing to customer increases, driving mobile broadband net additions of 329,000, or five times that of last quarter. Smartphone sales in the quarter hit 6.2 million, making up 93 percent of all phones sold, with smartphones also accounting for approximately 83 percent of all branded devices on the network.

Revenues in the quarter reached $7.2 billion, up from the first quarter by 5 percent, and a year-on-year increase of 15 percent. Last quarter's loss of $151 million has been countered with a profit of $391 million, though this was primarily caused through a spectrum licensing deal, which saw Verizon pay T-Mobile $731 million.

T-Mobile CEO and President John Legere
T-Mobile CEO and President John Legere

"We have completely reversed T-Mobile's trajectory and started a revolution that is changing the rules in wireless," said CEO and president John Legere. After boasting about having five successive quarters having customer increases of over 1 million, Legere claims "we are proud to be the fastest growing wireless company in America, with the fastest 4G LTE network and, just this morning, recognized for having the best Customer Service nationwide."

In terms of the T-Mobile network, the carrier claims it is now covering more than 233 million people in 325 metropolitan areas, and while it is continuing to deploy Wideband LTE, it will start to roll out its 700MHz A-Block spectrum this quarter. Voice over LTE is said to cover more than 200 people. In June, it shut down CDMA portions of its MetroPCS network in Boston, Hartford, and Las Vegas, with Philadelphia set to be shut down later this year, with the shutdown costs expected to be in the rage of $250 million and $300 million for the entire year.

By Electronista Staff
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